<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
G-III Apparel Group, Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
36237 H 101
--------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].(A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percen of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

<PAGE>
This Schedule 13-G reflects a statement of beneficial ownership of
securities of the reporting person as of December 31, 1997.
Item 1(a) Name of Issuer:
G-III Apparel Group, Ltd.
Item 1(b) Address of Issuer's Principal Executive Offices:
345 West 37th Street
New York, New York 10018
Item 2(a) Name of Person Filing:
See Item 1 of the cover page attached hereto
Item 2(b) Address of Principal Business Office, or
if none, Residence:
c/o G-III Apparel Group, Ltd.
345 West 37th Street
New York, New York 10018
Item 2(c) Citizenship:
See Item 4 of the cover page attached hereto
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01
Item 2(e) CUSIP Number:
36237 H 101
Item 3 Identity of Reporting Person
Not Applicable
Item 4 Ownership:
(a) Amount beneficially owned:
See Item 9 of the cover page attached hereto which
includes 133,750 shares which may be acquired within 60
days upon the exercise of options.
-3-

<PAGE>

<PAGE>
(b) Percent of Class:
See Item 11 of the cover page attached hereto.
(c) Number of Shares Beneficially Owned by Reporting Person
(i) sole voting power: 1,256,816 shares of Common Stock,
par value $.01.
(ii) shared voting power: None
(iii) sole dispositive power: 1,256,816 shares of Common
Stock, par value $.01.
(iv) shared dispositive power: None
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company:
Not Applicable
Item 8 Identification and Classification of Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were
not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of
such securities and were not acquired in connection with
or as a participant in any transaction having such
purposes or effect.
-4-

<PAGE>

<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
February 3, 1998
ARON GOLDFARB
-----------------------------
/s/ Aron Goldfarb
-5-